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Confessions of a subprime lender : an insider's tale of greed, fraud, and ignorance

Author: Richard Bitner
Publisher: Hoboken, N.J. : John Wiley & Sons, ©2008.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Confessions of a Subprime Lender pulls back the curtain on the players who created the subprime disaster, including brokers, lenders, Wall Street investment firms, and rating agencies who worked the system to their advantage. Interwoven with dramatic personal anecdotes, Confessions of a Subprime Lender explains how the subprime industry blew up and concludes with a comprehensive solution for rebuilding it by  Read more...
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Additional Physical Format: Online version:
Bitner, Richard.
Confessions of a subprime lender.
Hoboken, N.J. : John Wiley & Sons, ©2008
(OCoLC)609216381
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Richard Bitner
ISBN: 9780470402191 0470402199
OCLC Number: 226308206
Description: xiv, 186 pages : illustrations ; 23 cm
Contents: Why I bailed out of the industry --
The gunslinging business of subprime lending --
The underbelly: mortgage brokers --
Making chicken salad out of chicken shit: the art of creative financing --
Wall Street and the rating agencies: greed at its worst --
Secondary contributors: the Fed, consumers, retail lenders, homebuilders, and realtors --
How to fix a broken industry.
Responsibility: Richard Bitner.
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Abstract:

Real Estate One insider's rollercoaster account of the subprime implosion Richard Bitner founded his own subprime mortgage company just as the industry took off. In five years, he watched his  Read more...

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"...reveals the insider truth about how various parts of the mortgage business yielded to the temptation to maximise profits..." HerelsTheCity.com Thursday 14 August 2008 "For a racier read, Read more...

 
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